Lamoille Health Partners Inc

Analysis

Lamoille Health Partners Inc is a registered charity in United States, based in Morrisville, VT. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Lamoille Health Partners Inc reported income of $21.2m and spending of $22.5m, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $17.3m to $21.2m (+23%), an average of +5.2% a year. The sharpest change came in the year to September 2021, when income rose by 18%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lamoille Health Partners Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within VT. Charities of a similar size with the same main cause include Texas Health Action ($21.1m), Community Alliance Rehabilitation Services ($21.2m) and A & D Charitable Foundation Inc ($21.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $766k (3.4% of expenses). Other salaries and wages came to $11.9m. At year end it held assets of $11.3m against liabilities of $8.4m, net assets of $2.9m. It reported 204 employees.